Mining mogul Ross Beaty has decided not to move forward with a $5 million exploration joint venture with Magellan Minerals and a private company to explore areas of Brazil’s Pocone gold belt. Tuesday evening Magellan announced that the March 3, 2014 agreement with Mr. Beaty, a successful and closely followed natural resource investor, had been terminated. Commenting… Continue Reading

“Blast you Excel!!” While Kenneth Rogoff took his lumps last year due to an enormously inexcusable excel error, this former Chief Economist for the IMF and co-author of This Time Its Different: Eight Centuries of Financial Folly is still a voice to be reckoned with.  As part of Project Syndicate’s cleverly-titled-no-pun-intended “Submerging Markets” series, Rogoff… Continue Reading

The emerging market contagion which began making headlines and roiling markets last week is not well understood and it is not even clear which countries are ground zero for this crisis. What we do know is that Argentina and Venezuela have been forced to officially devalue currencies which were already trading at much lower levels… Continue Reading

A few notes from my friendly conversation with Kitco’s Alex Letourneau yesterday: M&A has been seen as a critical catalyst to get the junior mining sector going so I’m glad Goldcorp’s made a move on Osisko and I agree with the market that Goldcorp will sweeten their bid. The China Gold Stone Mining Development /… Continue Reading

The man at the helm of Molycorp for 15-plus years, who helped to ignite a mania in the rare earths industry just five years ago, has bet big on a niobium project originally discovered by Molycorp. Mark A. Smith has invested over $1.3 million personally for 8.4 percent of NioCorp Developments (TSXV:NB), which owns the… Continue Reading

Brazil Resources Inc. | Shares Issued: 60,528,829 | Last Close: 12/31/2013 $0.495 Amir Adnani’s Brazil Resources (BRI) has raised $6.4 million by selling 11,650,620 units containing a common share at $.55 and a full 5 year warrant at $.75. Press Release: Brazil Resources Inc. completes oversubscribed $6.4 million private placement The company will use the net proceeds to advance… Continue Reading

RANCHO MIRAGE, CALIFORNIA – Niocorp Developments Ltd., a Vancouver-based junior mining company which is developing the Elk Creek niobium deposit in Nebraska, announced that newly appointed CEO Mark Smith has invested another $510,000 US (3.4 million shares at $.15), bringing his total ownership in Niocorp to 8.4 million shares or 8.4% of the company, filings… Continue Reading

The results from our gold poll are in and they are somewhat surprising: A vast plurality believed that gold would remain rangebound through the end of the year. Meanwhile, barely 1 in 4 poll respondents believed that there would be a bullish end to 2013 for gold. Given that the majority of CEO.CA readers are… Continue Reading

I had no furniture, I was 20 lbs overweight, no job, depleting bank account, owed the IRS, out of shape, I drank every night, I was separated but not divorced, two kids, depressed and maybe suicidal, and finally, I secretly wanted to be a standup comic. I also didn’t like being alone. I am the… Continue Reading

Apparently, Colossus Minerals (CSI:TSX) will no longer be “Building Brazil’s Next Gold Mine” as they state on the front of their corporate presentation.  Late last week, CSI announced that they would be revising their plans for the Serra Pelada gold-platinum-palladium development project in Brazil following financial liquidity concerns and meetings with key stakeholders.  On Friday, the company… Continue Reading

Amir Adnani’s Brazil Resources (BRI:TSXV) has closed its acquisition of Brazilian Gold (BGC:TSXV) which it announced in late September.  BRI purchased BGC using its shares in an exchange ratio of 0.172:1 putting a value of roughly $13.5 million on BGC and their extensive gold exploration asset portfolio in Brazil.  Along with building Uranium Energy Corp (UEC:NYSE), Adnani… Continue Reading

Compania Espanola de Petroleos SAU (CEPSA) has announced its intent to acquire Coastal Energy (CEN:TSX) for a total consideration of approximately $2.3 billion.  CEPSA will pay $19 per share in cash for CEN which represents a premium of approximately 28%.  CEPSA will assume nearly $51 million in debt from CEN as part of the deal. … Continue Reading

It appears that the troubles for the desperate Eike Batista (the former richest man in the southern hemisphere) are far from over as his OGX Petroleo files for bankruptcy, according to a recent news article in the Wall Street Journal.  Rumours of a potential $200 million bailout and restructuring of massive debt obligations have recently… Continue Reading

The second largest oil producer in Colombia, Pacific Rubiales Energy (TSX:PRE), has agreed to buy light oil producer Petrominerales (TSX:PMG) for $1.6 billion in an all cash deal that represents a 56% premium for PMG shareholders. The transaction also implies a value to Petrominerales of $47,000 per flowing barrel.  Each PMG shareholder will receive $11 per… Continue Reading

“Most great discoveries have to climb a wall of worry and disbelief,” says a geologist who has worked with the Ivanhoe group in Mongolia, R. Edward Flood. “Especially when it comes to Robert Friedland — because all the seasoned investors who follow this sector cannot allow themselves to believe he has done it again.”